Airlines and auto briefs mark midyear shifts in finance and demand
United Airlines extends buyout financing deadline to October with conditions preserving April bid value. Chrysler delays luxury launch to focus on a successor to the Spirit and Acclaim. Interstate Commerce Commission allows faster trucking rate increases with three days notice. Treasuries post 8.87 percent yield on 30 year bonds, plus a $10.1 billion bill sale. William H. Donaldson named NYSE chairman. Continental shares sold by Frank Lorenzo as regulators pursue Lincoln Savings officers. Promotions lift summer sales at big chains, Ford offers 4.8 percent loans and rebates through Sept. 26. Volkswagen offers 30 day Passat money back guarantee. EPA to curb diesel sulfur by Oct. 1 1993. electronics sales exceed prior year in first half 1990.
MENTIONED IN THIS ARTICLE
Treasury
Ford Motor Co
Ford
Priority One praised for region's strong economic gains
George C. Ford notes that Priority One, formed by the Cedar Rapids Area Chamber of Commerce three years ago, reports improved employment from 82,600 in 3.2 percent unemployment to 94,000 employed and a 3.6 percent jobless rate by end of 1989. Leaders highlighted attracting PMX Industries and Genencor, with Jung and Ahn receiving the Special Service award.
MENTIONED IN THIS ARTICLE
George C. Ford
Jack Evans
Priority One
Evans
PMX Industries
Genencor International
Cedar Rapids
Woo Jin Jung
Yang Ahn
Jung
Ahn
South Korea
PMX
New Life Fitness World
Tae Kwon Do Academy Inc
Medicenter West
Larry Root
National Community Development Services Inc
Atlanta
Root
Investment group buys Linn Abstract
An agreement has been reached to sell Linn County Abstract Co. at 312 First St. SE to BH Acquisition Co. of Cedar Rapids led by Brent Harstad. Linn County Abstract will stay at its current location. closing by month end is anticipated, per Harstad. Howard Arntzen will remain as Linn County Abstract president.
MENTIONED IN THIS ARTICLE
Linn County Abstract Co
First St. SE
Cedar Rapids
BH Acquisition Co
Brent Harstad
Iowa Title and Abstract Co
SGA
Linn County Abstract
Banc Iowa
Harstad
Resolution Trust Corp
Wal Mart posts record earnings and sales gains
Wal Mart Stores Inc reports a 25 percent rise in second quarter profit on a 25 percent sales increase to 7.54 billion dollars for the three months ending July 31. CEO David Glass cautions about economic uncertainty in the year’s second half while expanding in 30 states including Iowa.
MENTIONED IN THIS ARTICLE
Bentonville, Ark
Wal-Mart Stores Inc
Bentonville
Ark
David Glass
Wal-Mart
Sears, Roebuck
Kmart
Iowa
Procter & Gamble Profit Up 66 Percent in Quarter
AP reports Procter & Gamble posted a 66 percent rise in Q4 profit to $284 million or 78 cents a share for the quarter ended June 30, helped by excluding a $78 million after tax reserve. Worldwide sales rose 14.4 percent to $6.22 billion. For the year earnings climbed 32.8 percent to $1.6 billion and sales to $24.08 billion. Chairman Edwin L. Artzt cited the largest global unit volume gain in 32 years.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble Co
Iowa City
Edwin L. Artzt
Stocks Rise After Treasuries Lead Gains And Oil Holds
The market advanced with the Dow up 24.01 to 2758.91 as traders welcomed a successful Treasury sale and absence of Middle East shocks. Activity skewed toward retail and energy issues with General Mills, Banks of Iowa, Eastman Kodak and Procter & Gamble among movers. Oil stocks mixed as prices rolled back or froze, while trading remained subdued on the Big Board with 155.81 million shares.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Treasury
Middle East
New York Stock Exchange
General Mills
Iowa
Midwest
Banks of
Eastman “Kodak
James River
Procter & Gamble
Moore Corp
Iowa City
Raytheon
Equitable of
Wal-Mart
The Company Doctor Admonishment And Practical Reprimand
Janet learns a concise constructive reprimand method to discipline subordinates. Address private meetings, cite factual behavior with impact, seek employee input, agree on corrective action, and document serious infractions with warnings. Emphasize employee value to prevent morale decline and future issues.
MENTIONED IN THIS ARTICLE
A. Janet
Jerry
Janet
Also Mentioned on This Page
United Airlines
UAL Corp
Chrysler Corp
Interstate Commerce Commission
People
William H. Donaldson
Wall Street
Bush
John J. Phelan Jr
Frank Lorenzo
Continental Airlines Holdings Inc
Texas Air Corp
Scandinavian Airlines System
Charles H. Keating Jr
Lincoln Savings and Loan Association
American Continental Corp
Thrift
Merrill Lynch & Co
Sears
J.C. Penney
Dayton Hudson
Volkswagen United States Inc
Bill Young
Environmental Protection Agency
American Electronics Association
Withuhe
Chamber
Pacific Rim
Amana
Lisbon
Cedar Rapids-Marion
Roor
Investment Group
Linn Abstract
Procter & Gambie’s
Scott Clark
HTC Group Syndicate
27Th Ave
Bius & Division OF
Motorola Inc
Motorola
General Motors
Cadillac
Sedan de Ville
Eldorado
United Time Savings
Argrave iWicEleney
Geo
Buick
CadiLlac Flearn
Troy
West Iowa
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